17 Mar '13, 6pm

A status update on the advancement of the Bitcoin ecology

A status update on the advancement of the Bitcoin ecology Michel Bauwens 17th March 2013 Excerpted from Nicolas Mendoza : (the original has many interesting links) “The context in 2013 looks dramatically different to the one during the huge rally-and-crash of 2011. During the last year, the pace of development and adoption by merchants and the NGO sector has steadily accelerated, and the Bitcoin ecosystem in general advanced in many fronts. Recent events in the Bitcoin world announce that a qualitative shift is taking place. * Celebrating protocol One of the more subtle but profound events that took place in the past few months is a reduction by half in the rate at which bitcoins are produced. It is a characteristic of the Bitcoin protocol that such a change takes place every four years. This transition was baptised by the community of Bitcoin enthusiasts as “Halving Day”....

Full article: http://blog.p2pfoundation.net/a-status-update-on-the-adva...

Tweets

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